SCHEDULE 1Persons who have significant influence or control over another

PART 2Partnerships

Interpretation of Part 2I15

For the purposes of this Part—

a

“relevant entity” means any body corporate or other entity (whether incorporated or not) that is a legal person under the law by which it is governed, other than a person of a type listed in schedule 2,

b

examples of significant influence and control include, in particular, where a person—

i

has the right to unilaterally take or veto decisions about the governance and running of a partnership,

ii

has the right to appoint or remove any partners of a partnership without application to a court, or

iii

is able to influence the decision-making of a partnership without holding any formal governance position within the partnership, particularly in respect of the partnership’s dealings with land,

c

for the purposes of paragraph (3)(b)(iv), a person (A) does not exercise significant influence and control over a recorded person or the partnership if A is also a recorded person under paragraph 3(a).